Reps for the company did not immediately respond to Variety’s request for an update; sources close to the situation said attempts to extract information from the company’s board have been unsuccessful.

“To the Artists and Fans of PledgeMusic,” the message reads. “As many of you know, PledgeMusic suspended operations a number of months ago and the site is now offline. The company continues to work with outside counsel on the most appropriate next steps, and we will update you with those specifics as we get more information.

“All data has been preserved and a notice with next steps will be posted on here shortly.”

Led by cofounder Benji Rogers — who left Pledge in 2016 when it was thriving, and returned early this year in an ultimately futile attempt to salvage it — the company was holding out hope that it might find a buyer until May, when the primary candidate pulled out and administration became inevitable. Sources have told Variety that some questionable business decisions by the management team that succeeded Rogers caused the company to fall into financial peril, from which it never emerged.